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319 Templeton Drive Fort Worth, TX 76107

3 Beds 3 Baths 2,338 sqft Built 2017

$509,000

List Price

$2,870

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $217.71
  • 5 Days on Market
  • MLS # : 14461034
  • Updated Date : 10/30/2020 at 13:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,338 sqft
  • Baths : 2 full , 1 half
Listing Agent

Redfin Corporation

Listing Agent's Description

Impressive modern architecture, easy lifestyle, walking distance to 7th street, museums, and dining. Enjoy an upscale community with no HOA! This gorgeous Townhome has sunny windows filling living spaces with natural light and serene views of enclosed courtyard and patios. The sleek kitchen and main living have wood floors and are open and inclusive. Gas cooktop, ample workspace and storage, and crisp design will inspire your chef! The private owner’s retreat features a huge shower with skylight and 2 large closets. Versatile loft for 2nd living, office, or game room. Access the 2nd floor via elevator or stairs. Automatic gate for garage and courtyard security. 3D tour online!

SEE MORE

MARKET HIGHLIGHTS

  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
  • Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
  • Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)
  • Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Linwood

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $99k379k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Linwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500160017001800Rent in $7971808

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
North Hi Mount Elementary School Primary Regular 364 21 6
W.c. Stripling Middle School Middle Regular 690 41 6
Arlington Heights High School High Regular 1,831 114 4

North Hi Mount Elementary School

  • Education Level: Primary
  • # of students: 364
  • # of teachers: 21
6
GreatSchools Rating

W.c. Stripling Middle School

  • Education Level: Middle
  • # of students: 690
  • # of teachers: 41
6
GreatSchools Rating

Arlington Heights High School

  • Education Level: High
  • # of students: 1,831
  • # of teachers: 114
4
GreatSchools Rating
 

$458,100$559,900$509,000

PURCHASE PRICE

$2,583$3,157$2,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,870
EXPENSES Loan Payment -$1,878
Property Tax -$1,191
Property Insurance -$162
Property Management Fees -$99
CASH FLOW
-$460

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$509,000

PROJECTED PRICE

$2,870

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 6.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$140,635

INVESTMENT

$140,635

Down Payment
$127,250
Rehab Estimate
$5,750
Closing Costs
$7,635

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,878

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $127,250
Loan Amount $381,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,930

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,870

    LIST RENT
  • $1.23

    LIST RENT PER SQFT
  • $2,868

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$2,595
1$2,5952$2,8703$2,9504$3,350
$3,350
RENT COMPS ANALYSIS
  • 319 Templeton Drive Fort Worth, TX 2
    • 3 beds 3 baths ∙ 2,338 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,338 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,870
    • $1.23
    •  
  • 3728 Modlin Avenue Fort Worth, TX 1
    • 3 beds 2 baths ∙ 2,240 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,240 Sqft ∙ Built 2005
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.16
    •  
  • 3320 Hamilton Avenue Fort Worth, TX 3
    • 3 beds 3 baths ∙ 2,550 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,550 Sqft ∙ Built 2013
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.16
    •  
  • 3909 Modlin Avenue Fort Worth, TX 4
    • 3 beds 3 baths ∙ 2,461 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,461 Sqft ∙ Built 2003
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.36
    •  
PROPERTY LISTING DETAILS
Teresa Moore
Redfin Corporation
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14461034
Last Updated: 10/30/2020
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